Big positive surprise, especially in the face of the spike in oil prices in August. The guidance to a higher number for the year just shows that the core business is extremely strong and the company is confident that it continues to strengthen for the rest of the year.
More Quotes from Tim Ghriskey:It's taken a while to generate the real increase in trash levels that these companies benefit from. That's what we're finally seeing flow through here.
There are a lot of investors we find who are hanging on to technology stocks with the hope that they're going to rebound, and that's still a very dangerous thing. We really need the capitulation of those investors. So we still could see more downside on the Nasdaq and in technology.
Techs have been underperformers during the month of December, especially the second half, so I think we're seeing some bargain hunting within technology.
It's tax loss selling. I haven't heard of anything else.
Even though this was a well-anticipated reversal... the market still has reacted positively to the ruling in pushing up tobacco stocks, because this removes yet another legal impediment to the survival of the industry.
GE's businesses are benefiting from the economic environment both domestically and internationally. But revenue did fall slightly below Wall Street's expectations, which is a bit of a disappointment.
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